Lifeist Sells CannMart To Simply Solventless To Focus On Its 'Core Mission Of Transforming Human Wellness'
Lifeist Sells CannMart To Simply Solventless To Focus On Its 'Core Mission Of Transforming Human Wellness'
"This transaction not only ensures that CannMart is in capable hands but also allows Lifeist to sharpen its focus on our core mission of transforming human wellness," Morim added. "We believe that this sale represents a strategic win for our shareholders, as it positions Lifeist to allocate more resources towards growing Mikra while still benefiting from Simply Solventless' continued success in the cannabis market."Lifeist Wellness Inc. (OTC:LFSWF) announced Thursday it completed the previously announced sale of CannMart's shares to Simply Solventless Concentrates Ltd.
Lifeist Wellness Inc. (場外交易:LFSWF)於週四宣佈已完成前述對CannMart股份的出售交易，將其出售給Simply Solventless Concentrates Ltd。
CannMart is a business-to-business wholesale distribution business facilitating recreational cannabis sales to Canadian provincial government control boards.
CannMart是一家面向加拿大省政府控制機構的娛樂大麻銷售的商業批發分銷公司。
"We are pleased to announce the successful completion of the sale of CannMart to Simply Solventless Concentrates, a company whose track record of profitability and operational excellence has continually impressed us," stated Meni Morim, CEO of Lifeist.
Lifeist的CEO Meni Morim表示:"我們很高興宣佈已成功完成將CannMart出售給Simply Solventless Concentrates的交易。Simply Solventless Concentrates公司在盈利能力和運營卓越方面一直給我們留下了深刻的印象。"
"This transaction not only ensures that CannMart is in capable hands but also allows Lifeist to sharpen its focus on our core mission of transforming human wellness," Morim added. "We believe that this sale represents a strategic win for our shareholders, as it positions Lifeist to allocate more resources towards growing Mikra while still benefiting from Simply Solventless' continued success in the cannabis market."
Morim補充道:"這項交易不僅確保CannMart得到了可靠的管理，還使Lifeist能夠更加專注於我們轉變人類健康使命的核心。我們相信，這次交易對於我們的股東來說是一次戰略性的勝利，因爲它使Lifeist能夠將更多資源投入到Mikra的發展中，同時仍能從Simply Solventless在大麻市場上的持續成功中受益。"
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Lifeist obtained shareholder approval to complete the sale of CannMart during a meeting held on Sep. 5, 2024. It also received approval of the TSX Venture Exchange to close the said transaction.
Lifeist在2024年9月5日舉行的股東大會上獲得了完成對CannMart的出售交易的股東批准。同時，它還獲得了TSX創業公司交易所的批准，以完成該交易。
Read Also: Lifeist's U-Turn On Plan To Move Away From Cannabis Industry As It Buys Vaporizer Technology
閱讀更多：Lifeist對計劃遠離大麻行業的U-Turn，因爲它購買了霧化器技術
As part of the deal, Lifeist received the following at closing:
作爲交易的一部分，Lifeist在交易完成時獲得了以下內容：
- $500,000 cash payment and 2 million units of Simply Solventless worth also $500,000. Each unit includes one common share in SSC and half of a warrant. The full warrant grants Lifeist the option to purchase one Simply Solventless share at $0.40 for up to 24 months from the issuance date.
- 現金支付$500,000和價值$500,000的200萬份Simply Solventless單位。每個單位包括一份SSC普通股和半張權證。完整的權證賦予Lifeist選擇權，在24個月內以$0.40的價格購買一份Simply Solventless股票，自發行日起。
- A promissory note (the VTB loan), secured by CannMart's assets, for $1.7 million. The loan carries a 3% annual interest rate and will be repaid in monthly installments starting on Oct. 1, 2024. These payments vary in amount. They begin with $100,000 in October and increase to $400,000 in November. They reduce to $150,000 and $100,000 in subsequent months, until the loan is fully repaid.
- 一張以CannMart資產爲抵押的期票（VTb貸款），金額爲$1.7 million。該貸款帶有3%的年利率，並將從2024年10月1日開始按月供還。這些付款金額不等。它們從10月份的$100,000開始，並在11月增加到$400,000。然後在隨後的月份減少到$150,000和$100,000，直到貸款完全償還。
The VTB loan is also subject to a 20% upward adjustment if CannMart's quarterly gross revenue exceeds $3 million for its existing brands in the four fiscal quarters immediately following June 25, 2024.
如果CannMart現有品牌在2024年6月25日後的四個財政季度內的季度總營業收入超過$3 million，VTb貸款還將受到20%的上調。
Price Action: Lifeist shares closed Thursday's market session 0.76% higher at $0.06 per share.
股價走勢：Lifeist股票收於週四的市場交易中，每股價格爲$0.06，較前一交易日上漲0.76%。
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Photo: Courtesy of Esteban López on Unsplash
照片：由Esteban López提供，來自Unsplash
譯文內容由第三人軟體翻譯。